Top Tech Stocks
Technology stocks were falling in recent trading, with the shares of tech stocks in the S&P 500 losing 0.9% in value although the Philadelphia Semiconductor Index was falling over 0.7%.
Among technology stocks moving on news:
(-) Science Applications International ( SAIC ) was down about 2% after the company said it was selected for a $37 million Seaport-e task order to provide mission support services to the Naval Surface Warfare Center in Panama City.
In other sector news:
(-) Garmin ( GRMN ) was little changed this afternoon, giving back a small gain previously in the session. The navigational device firm Monday said it was selected as the lead design and production partner of infotainment modules for the BMW Group.
(-) Sea Ltd ( SE ) dropped 7% on Monday after the Chinese digital entertainment company late Friday disclosed plans to sell 50 million of its American depositary shares, each representing one Class A ordinary share, in a public offering of stock. One of Sea Ltd's larger stakeholders, Tencent Holdings Ltd, has indicated an interest in buying up to $50 million of the ADS on the same terms as the other shares being sold.
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